Jones, a right winger, scored 20 goals and 37 points for the Avalanche in the 2011-2012 season. It was the second consecutive campaign in which the 27-year-old hit the 20-goal plateau; he scored 27 goals and 45 points in '10-'11.

“David has been one of our top offensive players over the past two seasons. He is a product of our organization who has developed into a proven goal scorer. We are pleased to have him under contract as he enters the prime of his career.”

Previously, Jones had drawn interest as an under-the-radar item on the free-agent market.

The Ontario native ranked ninth among all pending UFA forwards in goals this past year—at the bargain price of $2.5 million, no less—and had allegedly drawn significant interest from the Jets, the Senators and several other clubs around the NHL.

Now, those inquiring general managers will have to look elsewhere.

According to Adrian Dater of the Denver Post, Jones' new contract is worth a whopping $16 million, which should be more than enough to keep him satisfied in Colorado for the next four seasons.

The $4 million cap hit he'll now carry is the second-highest on the Avalanche, who have a League-high $45 million in cap space this summer but only six forwards and four defensemen currently under contract.